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<\/a>NEW YORK GOV. Kathy Hochul\u00a0was joined by various elected officials in the University Heights section of The Bronx on Oct. 21, 2025 to announce a $55 million Empire State Development (ESD) investment to advance\u00a0Fordham\u00a0Landing South, Phase I of what has been described as a transformative, 100 percent affordable Fordham Landing Development housing project planned along the Harlem River by University Heights bridge and Fordham Road.\u00a0Screenshot courtesy of the Office of New York Gov. Kathy Hochul<\/p>\n
According to public federal court records, Dynamic Star LLC, the developer behind the billion-dollar Fordham Landing Development<\/a> housing project planned along the Harlem River in the University Heights section of The Bronx, has voluntarily filed for Chapter 11 bankruptcy, a form of financial reorganization that allows businesses and, in some cases, individuals with significant debt to restructure their obligations and continue operating under court supervision.\u00a0<\/p>\n \u00a0<\/p>\n The filing by Dynamic Star, which is one for non-individuals, was made by the entity, the debtor, on Dec. 1 in the Southern District of New York, White Plains division. Dynamic Star is a corporation with an address in Westchester County, and according to public records, no bankruptcy cases have been filed for or against it in the last 8 years.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n However, in response to a question \u201cAre any bankruptcy cases pending or being filed by a business partner or an affiliate of the debtor?\u201d the response provided in the submitted documentation was, \u201cYes,\u201d in April 2024, and the entity was named as \u201cBB 23 Hollow Ridge Road LLC,\u201d an affiliate.<\/p>\n \u00a0<\/p>\n In response to the question, does the debtor own or have possession of any real property or personal property that needs immediate attention, the answer provided was \u201cno.\u201d<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n As reported,\u00a0New York Gov. Kathy Hochul was joined by various elected officials on Oct. 21 to announce a $55 million Empire State Development (ESD) investment to advance Fordham\u00a0Landing South, Phase I of what has been described as a transformative, 100 percent affordable Fordham Landing Development<\/a> housing project planned along the Harlem River. New York City Mayor Eric Adams had announced<\/a>\u00a0the first phase of the project in August.\u00a0<\/p>\n \u00a0<\/p>\n \u201cAcross New York, we are taking bold action to tackle the housing crisis and make our state more affordable for everyone,\u201d Hochul said in part in October. \u201cProjects like\u00a0Fordham\u00a0Landing South are what progress looks like, government at every level coming together to turn vacant or underused land into vibrant communities with affordable homes, jobs and public space. I\u2019m proud that New York State is investing in the Bronx and building a stronger, more inclusive future for all New Yorkers.\u201d<\/p>\n \u00a0<\/p>\n Dynamic Star, LLC, the developers behind the project had given an\u00a0update<\/a> on the three-acre site to Bronx Community Board 7 (CB7) members on Feb. 11 at their monthly land use committee meeting.<\/p>\n \u00a0<\/p>\n Hochul\u2019s office said the promised State funds, as reported<\/a>, would support essential site infrastructure, including site acquisition, planning and design, infrastructure construction, and other costs, to unlock a mixed-use, transit-oriented development that will bring new affordable homes, jobs, and public space to the Bronx Harlem River waterfront.<\/p>\n \u00a0<\/p>\n<\/a>CITY COUNCIL MEMBER Pierina Sanchez (C.D. 14) joins Adolfo Carri\u00f3n Jr., deputy mayor for housing and former NYC housing preservation and development commissioner, New York City Mayor Eric Adams, Bronx Borough President Vanessa Gibson and various other City officials and local elected leaders on Aug. 8, 2025 for the announcement that the City is moving forward with \u201cFordham\u00a0Landing South,\u201d the first phase of a two-phase $2 billion-dollar, affordable housing development along The Bronx waterfront by University Heights Bridge and Fordham Road in the University Heights section of the borough. Officials say the site will create more than 900 affordable homes once completed.
Photo by S\u00edle Moloney<\/p>\n<\/a>BACKGROUND TO THE Chapter 11 Dynamic Star LLC bankruptcy filing dated Dec. 1, 2025, Part I
Source: Public Filings via Pacer\u00a0<\/p>\n<\/a>BACKGROUND TO THE Chapter 11 Dynamic Star LLC bankruptcy filing dated Dec. 1, 2025, Part II\u00a0
Source: Public Filings via Pacer\u00a0<\/p>\n<\/a>BACKGROUND TO THE Fordham Landing Development Project as detailed in the Chapter 11 Dynamic Star LLC bankruptcy filing dated Dec. 1, 2025, Part II
Source: Public Filings via Pacer\u00a0<\/p>\n<\/a>BACKGROUND TO THE Fordham Landing Development Project as detailed in the Chapter 11 Dynamic Star LLC bankruptcy filing dated Dec. 1, 2025, Part II
Source: Public Filings via Pacer\u00a0<\/p>\n<\/a>EXIT STRATEGY FOR the Chapter 11 Dynamic Star LLC bankruptcy filing dated Dec. 1, 2025, Part I
Source: Public Filings via Pacer\u00a0<\/p>\n<\/a>EXIT STRATEGY FOR the Chapter 11 Dynamic Star LLC bankruptcy filing dated Dec. 1, 2025, Part II
Source: Public Filings via Pacer\u00a0<\/p>\n